Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    403 Main St Belmond, IA 50421

    For Sale
    $875,000

    12,168 SF renovated venue, seller financing.

    Property size:
    12,168 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 12,168 square foot property in Belmond, Iowa, presents a unique investment opportunity. Originally a convenience store and grocery market, this building, located at 403 E Main St, 50421, underwent a complete renovation in 2023. Now a fully functional event center, it boasts new HVAC, plumbing, and high-voltage electrical systems. The 24-foot ceilings create a spacious atmosphere, perfect for large gatherings. Two loading docks provide convenient access for equipment and supplies. The property is zoned commercial and sits on a single lot. The asking price is $875,000, or $71.91 per square foot. Seller financing is available with a 30% down payment, and the seller, retiring at the end of 2024, is willing to transfer existing contracts to the buyer. The sale includes the real estate; however, the existing sound system, lighting, and inventory are available for separate purchase. This turnkey operation is currently booked for events through summer 2024, making it an ideal investment for immediate income generation. Built in 1976, this property offers a blend of history and modern functionality, making it a truly unique and attractive investment.

    Property Features for 403 Main St

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    12,168 SF

    Building Details

    Year Built/Renovated
    1976/2023
    Buildings
    1

    HighLights

    • 12,168 SF fully renovated church/event center in Belmond, IA.
    • Seller financing available with 30% down payment.
    • Existing contracts transferrable to buyer; seller retiring end of 2024.
    • Features new HVAC, plumbing, and high‑voltage electrical systems.
    • Sound, lighting, and inventory available for separate purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Padrino 2 ... Dance Club

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belmond
    County
    Wright
    State
    Iowa
    Longitude
    -93.6126788
    Latitude
    42.8461573

    Nearby Similar for Sale

    • $275,000
      3,036 SF

      Farm Acreage with Ranch-Style Home

      Well-maintained acreage with updated ranch home near Belmond, Iowa.
      1045 Rake Ave, Belmond, IA 50421
      View Details
    • $300,000
      11,200 SF

      Belmond Commercial Manufacturing Building For Sale

      Manufacturing building with expansion potential on nearly 2 acres.
      1808 4Th Ave NE, Belmond, IA 50421
      View Details
    • $84,900
      0.13 Acres

      Updated Storefront in Belmond, Iowa

      Updated storefront suitable for retail, office, gym, or storage.
      220 E Main St, Belmond, IA 50421
      View Details
    • $400,000
      0.63 Acres

      Belmond Restaurant and Event Venue

      Restaurant and event venue with golf course views for sale.
      2908 140Th St, Belmond, IA 50421
      View Details
    • $134,500

      207 1St St, Belmond, IA 50421

      Commercial real estate
      207 1St St, Belmond, IA 50421
      View Details
    • $84,500

      244 Main St, Belmond, IA 50421

      Mixed-use properties
      244 Main St, Belmond, IA 50421
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - 12,168 SF renovated venue, seller financing.
    Where is this church & religious facility located?
    The property is located at 403 Main St Belmond, IA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 12,168 SF fully renovated church/event center in Belmond, IA.; Seller financing available with 30% down payment.; Existing contracts transferrable to buyer; seller retiring end of 2024.
    Request Owner's contact information
    403 Main St Belmond, IA 50421
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    403 Main St
    Belmond, IA 50421
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    403 Main St Belmond, IA 50421
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.